This application provides for determining a suggested action initiation time for an interaction with an interacting party. Some aspects comprise: determining an interaction settlement due date; querying an interaction database storing historical interaction records to determine if there is one or more of the historical interaction records related by one or more factors to the interacting party; retrieving, from the interaction database (where there is one or more historical interaction record(s) related to the interacting party), historical interaction data; determining from the retrieved historical interaction data a predicted processing time for the interaction; and determining, based on the interaction settlement due date and the predicted processing time, the suggested action initiation time. The suggested action initiation time comprises a time by which an action for settling the interaction with the interacting party is suggested to be initiated to effect settlement of the interaction by the interaction settlement due date.
Legal claims defining the scope of protection, as filed with the USPTO.
2. The computing device of claim 1 wherein the interaction comprises a financial transaction and the interaction settlement due date comprises a payment due date for an invoice amount associated with an invoice of the interacting party.
3. The computing device of claim 2 wherein the historical interaction data further comprises, for each of the historical interaction records, at least one of: a unique interacting party ID, payment amount, time of day of payment, date of payment, paying party location, and a settlement mechanism, wherein the paying party location comprises the computing device location.
4. The computing device of claim 3 wherein the one or more factors relating the historical interaction records to the interacting party include the unique interacting party ID.
5. The computing device of claim 3 wherein the settlement mechanism comprises a payment type, the payment type comprising at least one of: direct money transfer, email money transfer, money order, wire transfer, cash, check, and payment via a third party payment network.
6. The computing device of claim 3 wherein the historical interaction data includes the payment amounts for each of the historical interaction records, wherein the instructions when executed by the at least one processor further cause the at least one processor to determine, from the invoice, the invoice amount, and wherein the step of determining the predicted processing time is further based on the invoice amount.
7. The computing device of claim 2 wherein the instructions when executed by the at least one processor further cause the at least one processor to determine if the number of related historical interaction record(s) equals or exceeds a threshold number, and wherein the historical interaction data from the related historical interaction record(s) is retrieved from the interaction database if the number of related historical interaction records equals or exceeds the threshold number.
8. The computing device of claim 1 wherein the processor communicates the suggested action initiation time by updating the invoice for the interaction with a suggested payment date that comprises a date corresponding to the suggested action initiation time, the instructions when executed by the at least one processor further causing the at least one processor to present options for preparing a payment on a payment date, the payment date comprising at least the payment due date or the suggested payment date.
10. The non-transitory computer-readable medium of claim 9 wherein the interaction comprises a financial transaction and the interaction settlement due date comprises a payment due date for an invoice amount associated with an invoice of the interacting party.
11. The non-transitory computer-readable medium of claim 10 wherein the historical interaction data further comprises, for each of the historical interaction records, at least one of: a unique interacting party ID, payment amount, time of day of payment, date of payment, paying party location, and a settlement mechanism, wherein the paying party location comprises the computing device location.
12. The non-transitory computer-readable medium of claim 11 wherein the settlement mechanism comprises a payment type, the payment type comprising at least one of: direct money transfer, email money transfer, money order, wire transfer, cash, check, and payment via a third party payment network.
13. The non-transitory computer-readable medium of claim 10, the computer-executable instructions further for determining if the number of related historical interaction record(s) equals or exceeds a threshold number, wherein the historical interaction data from the related historical interaction record(s) is retrieved from the interaction database if the number of related historical interaction record(s) equals or exceeds the threshold number.
16. The method of claim 15 wherein the interaction comprises a financial transaction and the interaction settlement due date comprises a payment due date for an invoice amount associated with an invoice of the interacting party.
17. The method of claim 16 wherein the historical interaction data further comprises, for each of the historical interaction records, at least one of: a unique interacting party ID, payment amount, time of day of payment, date of payment, paying party location, and a settlement mechanism, wherein the paying party location comprises the computing device location.
18. The method of claim 17 wherein the settlement mechanism comprises a payment type, the payment type comprising at least one of: direct money transfer, email money transfer, money order, wire transfer, cash, check, and payment via a third party payment network.
20. The method of claim 16 further comprising determining if the number of related historical interaction record(s) equals or exceeds a threshold number, wherein the historical interaction data from the related historical interaction record(s) is retrieved from the interaction database if the number of related historical interaction record(s) equals or exceeds the threshold number.
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September 29, 2017
September 13, 2022
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